3D Printing in Automotive Market Overview:
The 3D printing in automotive market is a rapidly growing industry that is revolutionizing the way in which automotive parts and components are manufactured. 3D printing technology, also known as additive manufacturing, allows for the production of complex and highly customized parts with greater accuracy, speed and cost-effectiveness compared to traditional manufacturing methods such as injection molding or machining.
The adoption of 3D printing in the automotive industry has been driven by several factors, including the need for faster and more efficient production processes, the increasing demand for lightweight and highly customizable parts, and the desire to reduce waste and improve sustainability. The technology is being used to produce a variety of parts and components, including engine components, structural parts, and functional prototypes.
3D Printing in Automotive Market Analysis
As per Market Research Future (MRFR) analysis, the global 3D printing in automotive market is projected to reach USD 2,512.3 million with a CAGR of 26.2% from 2022 to 2030 (forecast period).
Request Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/4207
COVID-19 Impact on the Global 3D Printing in Automotive Market
Implementation of a set of regulations by governments of different nations to deal with the COVID-19 crisis, such as a full shutdown of manufacturing units, is found to have an impact on the growth of the global 3D printing in automotive market.
3D Printing in Automotive Market Segmentation
The global 3D printing in automotive market has been segmented into technology, material, and application.
Based on technology, the global 3D printing in automotive market has been segmented into stereolithography (SLA), laminated object manufacturing, laser sintering, electron beam melting, and others. Stereolithography (SLA) technology is anticipated to rule the market during the forecast period.
Based on material, the global 3D printing in automotive market has been divided into metal, alloys, and others.
Based on application, the global 3D printing in automotive market has been divided into prototyping and tooling, manufacturing, RD activities, and others.
3D Printing in Automotive Regional Analysis
Geographically, the global 3D printing in automotive industry has been divided into major regions such as North America, Asia Pacific, Europe, and the Rest of the World.
In terms of revenue, Europe has emerged as the dominant region. The European market has been boosted by advanced technological innovations, a skilled labor force, and increased automotive spending. However, North America and the Asia Pacific are considered the second and third leading regions.
Read Report Overview: https://www.marketresearchfuture.com/reports/3d-printing-automotive-market-4207
3D Printing in Automotive Market Key Players
- Autodesk
- 3D Systems Inc
- Stratasys Ltd
- Arcam AB
- EnvisionTEC Inc
- Exone
- Voxeljet AG
- Local Motors
- Ponoko Ltd
- OptomecSummary
The global 3D printing in automotive market is estimated to reach USD 2,512.3 million with a CAGR of 26.2% from 2018 to 2023 (forecast period). Growing RD activities and innovations are bolstering the global automotive industry. Many manufacturers are focusing on lightweight vehicles to reduce fuel consumption and emissions due to substantial capital investment in automotive technology. Among all RD operations, 3D printing in automotive is gaining momentum at a breakneck pace in the global automotive industry.
More Trending Report By MRFR
Automotive Engine Management System Market
Automotive Engine Oil Coolant Market
